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1201 E Grove Avenue, Rantoul, IL 61866
$2,100,000 Sale Pending
1201 E Grove Avenue, Rantoul, IL 61866View this property at 1201 E Grove Avenue, Rantoul, IL 61866
1201 E Grove AvenueRantoulIL61866
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Property Description
Exclusively offering for sale a long-established and thriving retail center in Rantoul, Illinois at 1201 - 1205 E Grove Avenue on the US Rt 136 corridor. Family owned since 1970, this three-tenant center, which is comprised of two buildings, has been anchored by a grocery store since built in 1970 and has been home to County Market, a regional grocery store chain, since 2010. Additionally, the location has been home to a pharmacy since 1986, originally being Hook Drugs and transitioning to CVS Pharmacy. The property includes two structures totaling 49,407 square feet situated on 3.55 acres with 350 parking spaces. County Market comprises over 38,000 square feet of the center with CVS an additional 8,900 SF of space. There is a 2,100 SF space available that was recently vacated by a local bank. This space can be accessed from the exterior of the building or within the grocery store. Additionally, there is an ATM lease in place creating additional income for the center. The center is shadow anchored by numerous national tenants including O'Reilly Auto Parts, Dollar Tree, ACE Hardware, and Family Dollar. With a strong tenant base and a history of steady income, this retail center offers an exceptional opportunity for investors seeking stable returns. Rantoul is located in Champaign County and home to over 13,000 residents and provides retail services to both the community and the surrounding small towns. It is also home to the recently completed Rantoul Family Sports Complex, a 60+ acre multi-sports complex which hosts sports tournaments throughout the year.
Full Property Details
Full Property Details for 1201 E Grove Ave
General
- Price: $2,100,000
- Taxes: $68,637 (2022)
- Status: Pending
- Type: Retail
- MLS ID: 11920374
- Updated: 4/11/2024
- Added to Site: 185 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
- County: Champaign
- Driving Directions: Located on Rt 136 East in Rantoul.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Structural Information
- # Loading Docks: 1
- Stories/Levels: 1
- Square Feet: 49,407
- Current Bldg. Use: Commercial
- Year Built: 1970
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 154,638
- Lot Dimensions: 321 x 482
- Frontage: State Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1970
- Tax Amount: $68,637
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Sewer
Disclosures and Reports
- Property ID: 140335476003
Listed by Guth & Associates,Llc
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Schools
Schools serving 1201 E Grove Ave
School Districts:Rantoul Township High School District 193, Rantoul City Sd 137
Rating | Name | Grades | Distance |
---|---|---|---|
400 N Sheldon St, Rantoul, IL 61866 | 3-5 | 0.5 mi | |
400 E Wabash Ave, Rantoul, IL 61866 | 6-8 | 0.9 mi | |
200 S Sheldon St, Rantoul, IL 61866 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1201 E Grove Ave
Date
Details
Price
Change
Source
10/31/2023
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1201 E Grove Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$68,368
4%
$640,860
7%
2021
$65,482
8%
$598,370
4%
2020
$60,742
4%
$578,130
4%
2019
$58,340
-6%
$555,360
5%
2018
$61,897
-1%
$526,900
3%
2017
$62,372
2%
$513,550
—
2016
$61,159
—
$513,550
—
2015
$60,866
2%
$513,550
—
2014
$59,875
2%
$513,550
-1%
2013
$58,894
1%
$519,260
-4%
2012
$58,332
—
$540,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1201 E Grove Ave
1201 E Grove Avenue, Rantoul, IL 61866 (MLS# 11920374) is a Retail property. 1201 E Grove Avenue is currently listed for $2,100,000 and was received on October 31, 2023. Want to learn more about 1201 E Grove Avenue? Do you have questions about finding other Retail real estate for sale in Rantoul? You can browse all Rantoul real estate or contact a Coldwell Banker agent to request more information.